GBP – English
- GBP/USD maintains a bullish bias but faces key resistance near 1.3550. The pair is trading above critical moving averages (SMA-20, SMA-50, SMA-200) on the 4-hour and daily charts, signaling strong upward momentum. Weak U.S. retail sales and PPI data have softened Fed rate hike expectations, pressuring the USD, while resilient UK growth supports the pound.
- However, momentum has cooled, with RSI retreating from overbought levels, and the pair is testing a well-defined resistance zone. A failure to break higher could trigger a pullback toward broader support levels.
- Traders should wait for a confirmed breakout above 1.3560 or a pullback to 1.3490–1.3450 for better risk-reward entries.
GBP – Urdu
- GBP/USD ka overall trend bullish hai, lekin 1.3550 ke qareeb strong resistance aa rahi hai.
- Pair 4-hour aur daily charts par important moving averages — SMA-20, SMA-50 aur SMA-200 — ke upar trade kar raha hai. Is se pata chalta hai ke upward momentum abhi strong hai.
- Weak U.S. retail sales aur PPI data ki wajah se Federal Reserve ke rate hikes ki expectations kam hui hain, jis se US Dollar par pressure aya hai.
Sentiment : Bullish
